ANNUAL REPORT 2020
ANNUAL REPORT 2020 | 1 |
BRIEF PORTRAIT
of Energiekontor AG
Asolid business policy and a lot of experience in renewable energies: That's what Energiekontor has stood for for more than 30 years. Founded in Bremerhaven in 1990, the Company is one of the pioneers in the industry and is today one of Germany's
leading project developers. Its core business ranges from the planning and construction to the operational management of wind farms in Germany and abroad and was expanded in 2010 to include solar energy. In addition, Energiekontor operates wind and solar farms with a nominal output of almost 280 megawatts in its own portfolio. Energiekontor also aims to play a pioneering role in economic terms and to realise the first wind and solar parks in all target markets at market prices as quickly as possible, independently of state subsidies.
In addition to its headquarters in Bremen, Energiekontor has offices in Bremerhaven, Hagen im Bremischen, Aachen, Augsburg, Bernau bei Berlin and Potsdam. The Company also has offices in England (Leeds), Scotland (Edinburgh, Glasgow), Portugal (Lisbon), USA (Austin/Texas and Rapid City/South Dakota) and France (Toulouse, Rouen).
The proud balance sheet since the Company was founded: 127 realised wind farms and 12 solar parks with a total output of over 1 gigawatt (GW). This corresponds to an investment volume of almost EUR 1.8 billion.
The Company went public on 25 May 2000. The Energiekontor AG share (WKN 531350/ ISIN DE0005313506) is listed in the General Standard of the German Stock Exchange in Frankfurt and can be traded on all German stock exchanges.
Investor Information as at 31.12.2020
Stock exchange listing | German Stock Exchange, Frankfurt | |
Market segment | General Standard | |
Class of shares | Bearer shares | |
Industry | Renewable Energies | |
Initial public offering (IPO) | 25 May 2000 | |
WKN | 531350 | |
ISIN | DE0005313506 | |
Reuters | EKT | |
Shareholding structure | 52.43 % Founders; 46.66 % Free float; 0.91 % Energiekontor AG | |
Research | Jan Bauer, Warburg Research | |
Dr Karsten von Blumenthal, First Berlin | ||
Guido Hoymann, Metzler Capital Markets | ||
Alina Köhler, Hauck & Aufhäuser | ||
Designated Sponsor | ODDO BHF | |
Financial calendar | 31 | March 2021: Publication of the Annual Report 2020 |
14 | May 2021: Publication of the report on Q1 2021 | |
20 | May 2021: Annual General Meeting of Energiekontor AG | |
13 | August 2021: Publication of half-year report 2021 | |
15 | November 2021: Publication of the report on Q3 2021 | |
22−24 November 2021: German Equity Forum, Frankfurt a.M. | ||
Investor Relations | Peter Alex, Tel: +49 421 3304-126 | |
Email: IR@energiekontor.com | ||
Internet: www.energiekontor.com/investor-relations |
ANNUAL REPORT 2020 | 2 |
CONSOLIDATED KEY FIGURES
of Energiekontor AG
Income statement
in EUR m | 2020 | 2019 | ||||
Sales | 146.6 | 63.7 | ||||
Total output | 165.1 | 96.4 | ||||
EBITDA (EBIT plus depreciation and amortisation) | 65.4 | 38.9 | ||||
EBIT (EBT plus financial result) | 46.0 | 16.3 | ||||
EBT (Earnings before tax) | 31.2 | 0.8 | ||||
Consolidated net income | 20.4 | 0.2 | ||||
Balance sheet
in EUR m | 2020 | 2019 | ||
Technical plants (wind/solar parks) | 166.9 | 192.4 | ||
Equity | 65.6 | 56.2 | ||
Total assets | 449.0 | 389.9 | ||
Equity ratio | 14.6 % | 14.4 % | ||
Notional equity ratio (cf. comments in the management report on page 62) | 19.5 % | 18.7 % |
Cashflow
in EUR m | 2020 | 2019 | ||
Cash flow from operating activities (operating cash flow) | 17.9 | 13.3 | ||
Cash and cash equivalents at the end of the period | 79.5 | 67.0 |
For the pro forma key figures, see note on page 164.
ANNUAL REPORT 2020 | 3 |
WIND FARMS AND SOLAR PARKS
of Energiekontor AG
Osterende | Frischborn-Küste | Germany | |||
Spieka-Neufeld | |||||
Nordleda | |||||
Flögeln. Krempel I & II | |||||
Niederelbe | |||||
Oxstedt | |||||
Ostemünde/Balje-Hörne | |||||
Odisheim | |||||
Holßel I | |||||
Wremen-Grauwallkanal | |||||
Oederquart | |||||
Misselwarden | |||||
Wechtern | |||||
Wremen II | |||||
Kajedeich | |||||
Debstedt Wind-. Solarpark | |||||
Breitendeich | |||||
Stotel | Friedland | ||||
Wittgeeste | |||||
Zetel | Ramin (Solarpark) | ||||
Prenzlau | Nadrensee (Solarpark) | ||||
Hammelwarder Moor | Sievern II | ||||
Hohengüstow | Luckow-Petershagen I & II | ||||
Uthlede | AppelnZapeln | ||||
Briest I. II & III | |||||
Klein Woltersdorf | |||||
Schwanewede-Loge | Lunestedt | ||||
Altlüdersdorf | |||||
Thüle | Brauel II | ||||
Hemelingen | Hanstedt-Wriedel | ||||
Groß Hehlen | Garzau-Garzin (Solarpark) | ||||
Sottrum | |||||
Brauel | Beerfelde | ||||
Wietze | |||||
Geldern | Detmold | ||||
Mauritz | |||||
Wachtendonk-WankumStraelen II | Beckum II | ||||
Mühlenberg | Giersleben | ||||
Wegberg | |||||
Linnich | BeckumI | ||||
Elsdorf | Rurich | ||||
Waldfeucht | Keyenberg | ||||
Heinsberg | Bergheim | Lengers | |||
Hürth | |||||
Heinsberg-Waldenrath | Dirlammen | ||||
Hürth-Barbarahof | |||||
Engelrod | |||||
Grevenbroich | Blatzheim | ||||
Titz-Rödingen | Kerpen | ||||
Jülich I & II | Niederzier-Steinstraß | ||||
Würselen | |||||
Halde Nierchen I & II | |||||
Kall | |||||
Kreuzau-Steinkaul | |||||
Zülpich |
Great Britain
Withernwick | |
Hyndburn | Burton Pidsea |
Moel Maelogen | Gayton le Marsh |
Lilbourne |
Forest Moor | New Rides |
Portugal
Mafomedes | Trandeiras |
Marão
Penedo Ruivo
Montemuro
Sobrado
Höttingen (Solarpark)
Group owned
Sold
both Group-owned and third-party-owned
ANNUAL REPORT 2020
CONTENT
5 | CORPORATE DEVELOPMENT | 5 | Energiekontor - A success story since 1990 |
8 | Letter to the shareholders | ||
11 | Report of the Supervisory Board | ||
14 | Corporate Governance Report | ||
19 | ESG - More than just a fashionable term for us | ||
34 | The Energiekontor share | ||
40 | MANAGEMENT REPORT AND | ||
GROUP MANAGEMENT REPORT | 41 | Fundamentals of the Group | |
47 | Economic Report | ||
70 | Opportunity and risk report | ||
79 | Other disclosures | ||
80 | Forecast report | ||
85 | Responsibility statement | ||
86 | CONSOLIDATED FINANCIAL | ||
STATEMENTS (IFRS) | 87 | Consolidated income statement | |
87 | Consolidated statement of comprehensive income | ||
88 | Consolidated balance sheet | ||
89 | Consolidated statement of changes in equity | ||
90 | Consolidated cash flow statement | ||
91 | Annex | ||
134 | Independent Auditors' Report | ||
139 | SEPERATE FINANCIAL STATEMENTS | ||
OF THE AG (GERMAN GAAP: HGB) | 140 | Balance sheet | |
141 | Profit and loss statement | ||
141 | Annex | ||
159 | Independent Auditors' Report | ||
164 | Imprint |
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Energiekontor AG published this content on 31 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2021 08:51:04 UTC.